Nifty Bank Index
Updated

#BankNifty Weekly: Major Levels & Targets You Need to Know

150
Date: 14-07-2025

#Nifty Bank Technical Levels

Current Price: ₹56,765.35
Pivot Point: ₹56,849.40

Upside Targets (if price moves above Pivot)
| Target | Price |
| ----------- | ---------- |
| 🎯 Target 1 | ₹57,596.25 |
| 🎯 Target 2 | ₹57,816.00 |
| 🎯 Target 3 | ₹58,178.48 |
| 🎯 Target 4 | ₹58,540.95 |

🔽 Downside Targets (if price drops below Pivot)

| Target | Price |
| ----------- | ---------- |
| 🎯 Target 1 | ₹56,103.76 |
| 🎯 Target 2 | ₹55,882.80 |
| 🎯 Target 3 | ₹55,520.33 |
| 🎯 Target 4 | ₹55,157.85 |

🛑 Support & Resistance Levels

Support: ₹56,324.71
Resistance: ₹57,376.51

Observations:

Since the current price is below the pivot (₹56,849.40), immediate bearish bias could be assumed unless a strong reversal happens.

A break below ₹56,324.71 (Support) could trigger the downside targets.

Conversely, crossing back above the pivot may shift bias to bullish, targeting the resistance and beyond.

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Trade active
Date: 29-07-2025

#NiftyBank

Downside:

| Target | Price |

🎯 Target 1 | ₹56,103.76 is it
🎯 Target 2 | ₹55,882.80 is hit.

Now, one can expect the reversal up to the pivot point which is 56,849.40 that's the total of 1000 points reversal from the downside target 2.

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